ETF Sector Spotlight For 02/28/2022

February 28, 2022

Market Recap For February 28th, 2022

Monday started off lower, which isn’t too surprising after the great one-two punch of the previous Thursday and Friday rally.

Most of the day’s losses were recovered by day’s end, with the major indices finishing overall mixed. An ongoing rally should still be in force.

Yesterday’s Sector Performance

Thanks to oil’s big day, Energy was the runaway winner of the day.

Financials and Real Estate ended up at the bottom.

Five-Day Sector Performance

Energy’s start to the week bumped the sector to the top of the week.

Consumer Staples and Financials are currently the weakest sectors.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Utilities Select Sector SPDR (XLU)

In bear markets, which stocks may be in, false rallies and fake outs will occur. All signs, however, still imply higher market prices to come.

Leadership has jumped around, but the current market leaders are Real Estate and Energy. If that continues, the XLE and XLU should run higher.

Good luck!

About The Author

Christian Tharp, CMT

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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